HPX majority-owned subsidiary Cordoba Minerals Corp. (TSX-V:CDB; OTCQX:CDBMF) is pleased to announce that on March 1, 2019 it completed the second tranche of its previously announced non-brokered private placement (refer to Cordoba’s news releases dated February 14, 2019, February 19, 2019, February 25, 2019). The final tranche of the Offering is expected to close before March 6, 2019. Net proceeds from the Offering will be used to advance exploration activities at the Perseverance Project in Arizona, USA, where recent drilling has indicated proximity to a Laramide porphyry copper system (refer to Cordoba’s news release dated January 21, 2019), and will include continuation of drilling activities and preparation and permitting for geophysical surveys, including HPX’s Typhoon™ technology. Remaining funds will be used for general corporate purposes.
For full details see Cordoba’s news release.